http://www.google.com.au/search?q=constitutionlegal+tender+au

Generally, powers in section 51 of the Constitution of Australia

*..nor..make anything but gold or silver coin.a legal tender in the payment of debts”.
http://en.wikipedia.org/wiki/Section_51_(xii)_of_the_Constitution_of_Australia

RBA Banknotes: Legal Tender -
Reserve Bank of Australia Banknotes
banknotes.rba.gov.au/legal tender.html

Australian banknotes are a legal tender throughout Australia
(this is provided in section 36(1) of the Reserve Bank Act 1959).

A payment of coins is a legal a lawful tender

THE ONLY LAWFUL TENDER
so..why cant we pay debt..in/coin

cause..under the note system..[a bank*bill..REALLY..IS A BILL
at best its a debt receipt..[and paper debt is fictional debt
lawful tender cannot be used to..commit crime..yet

*they..DEBASED THE CROWNS COIN
seek to end..the coin-age
[rage]..

her hrh..face on the back..
WAS.assurance of weight/quality..of the coin
[in pounds shilling penny WEIGHTS..even..a dollar..is a specific weight quality....

all coin was by WEIGHTS..a pound was a promise to pay in..coin..
[pay bearer..one pound sterling silver*

thing is..

its all..inverted..fiat=/means=by decree
its only value..when..govt says it is
but in reality..its only an..iou

[a check]..payable..in..other paper only..

unless some mug gives you goods..for it..cause they are lawful...imbeciles..[legal term for ignorance's][wards of the state]..

how it happened..was bankers BOUGHT UP GOVT WAR BONDS
then DEMANDED ..instant payment..IN GOLD SILVER COIN..no silver
WE/they defaulted[was legally BANKRUPT*ed..by colluded bwankers

we were bankrupted..and then the thieves really began looting ALL THE GOLD..all the silver..all the copper[now they want our copper cables from our phone system

thee gold WASNT SOLD
it was LEASED..it needs to..be returned..but they sold it

thats like you..leasing someones car..or house..then SELLING-IT*..[plus keeping the proceeds of crime]..plus..so..much extra unspeakable treason's

we need to repeat..what that ling did..AUDIT EVERYTHING..to see who claims what][no lawful title exists..for things stolen..from us all

simply having it..is proof of crime
see how nuts the treasonous lawyers have made things

recall..that 1/3..rds..the bank of england..
was bought..by a tax stick..[fraud..thus guy faulks set the tally sticks afire..[nearly burned down..parliament house..JUST..to hide that FRAUD..PROCEEDS OF CRIME*!*

Pericles, you say, "We have a banking system. Yes, it has its flaws. Yes, it could collapse tomorrow. Use it, or don't. Your choice.", but is it really.

Today almost everyones pay or other income is deposited into a bank, or for a few, a similar institution. They do appear to have a growing ability to grab a chunk of it each time it is cycled through their hands.

Bazz I can't see how they are going to get away with bail in. The Citizens Electoral Council have written letters to all our pollies and leading Public servants about bail in. They can't say they didn't know.

Our banks are not safe with $21.5 trillion in the derivative gambling market and $3.5 trillion in mortgage assets and most of these assets are over valued. They cannot be bailed out.

Current world gold reserves of 170,000 tonnes is worth about $8 trillion. If there is three times this or $24 trillion this is still only a third if the World's GDP. Max Kesier said that for every oz of gold there are 80 pieces of paper laying claim to its existence. They have been selling off gold derivatives to force the price down. How does the price go down when Central Banks and Countries are buying gold aggressively?

The average US household income was $1500pa with gold being $35 per oz. Ratio of income to gold, 43:1.Today average US income $50,000 pa and price of gold $1300 per oz. Ratio income to gold 38:1 and 1% of the US pop have 40% of the wealth and earn 35% of the income.

Yep where do you put your money ?

Hmmmmm, that might make it really difficult, Hasbeen.

>>Today almost everyones pay or other income is deposited into a bank, or for a few, a similar institution<<

Fortunately, there is this thing called withdrawal, where you can actually go to your bank and take out the money that someone else has put there. You can then hide it under your pillow, or exchange it for a lump of mineral, or whatever, your choice.

Sure, the banks take a bit out on the way through, but not much. You can solve that too by getting everyone to pay you in cash. I know, it is a pain. But these are the sacrifices you have to make if you feel the system is corrupt, and you want to insulate yourself from its corruption.

No-one said life is easy.

Stop making excuses for criminals Pericles. HSBC has been found to be involved with the drug trade but or Govts once again find the big boy criminals too big to fail or jail.

Arjay, I did see it suggested that a bill that went through parliament,
while it did not have the words bail-in did authorise that action.
I saw the wording and it did permit action on depositors' funds.

The horse may well have already bolted.